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2013-28289 Reso RESOLUTION NO� 2013-28289 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE NEIGHBORHOOD/COMMUNITY AFFAIRS COMMITTEE AND FURTHER AUTHORIZING THE ADMINISTRATION TO PROCEED TO THE NEXT PHASE OF THE COLLINS PARK GARAGE (COLLINS PARK PLACE) PROJECT. WHEREAS, the City is proposing to build a five (5) level parking garage on the two properties currently occupied by surface parking lots located on 23rd Street, behind the Miami Beach Regional Library and the Miami City Ballet building, bridging over Liberty Avenue; and WHEREAS, the ground level of the proposed structure, between Park and Liberty Avenues, will provide approximately 17,500 sq. ft. of retail space, while the upper five (5) levels of the parking garage will accommodate approximately 470 parking spaces; and WHEREAS, the Project also contemplates a large public plaza at the ground level, just east of Liberty Avenue, which will merge into the Liberty Avenue right of way, between 22nd and 23rd streets, encouraging the pedestrian connectivity between the garage, Collins Park, the Miami Beach Regional Library and the Miami City Ballet; and WHEREAS, on January 16, 2013, Commission approved Resolution No. 2013-28119 granting a Certificate of Appropriateness for Demolition of the existing one-story building on the site, Resolution No. 2013-28120 granting a waiver of development regulations regarding the maximum height permitted in the Museum Historic District and Collins Park Neighborhood, and Resolution No. 2013-28121 adopting the Basis of Design Report (BODR)for the Project; and WHEREAS, although the BODR was unanimously approved, there were concerns raised with respect to the proposed exposed architectural concrete finish and color, the possibility of a rooftop passive park, and the estimated construction cost; and WHEREAS, a presentation addressing each of the aforementioned items was given to the Neighborhoods / Community Affairs Committee (NCAC) members on June 26, 2013; and WHEREAS, the Committee recommended approval to proceed to the next phase of the project (Detailed Design), as per approved BODR dated January 16, 2013; and WHEREAS, the Administration will be able to proceed with the design development, construction documents, bidding and award, and construction phases of the Project with this approval. T:\AGENDA\2013\Jul 17\Collins Park Garage-Accept NCAC Recommendation-Reso.doc NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA that the Mayor and City Commission hereby authorize the Administration to proceed to the next phase of the Collins Park Garage (Collins Park Place) Project. PASSED AND ADOPTED this 1,t" day of July, 2013. ATTEST: .iNcoRP DRAT D Rafael Granado, City Cl t errera Bower, Mayor APPRO ED AST ORM' AND FO XE TION City Attor ey Date APPROVED AS TO FORM&LANGUAGE &FOR EX TION City A rney ate T:\AGENDA\2013\July 17\Collins Park Garage-Accept NCAC Recommendation-Reso.doc I COMMISSION ITEM SUMMARY Condensed Title: A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Accepting The Recommendation Of The Neighborhood/Community Affairs Committee And Further Authorizing The Administration To Proceed To The Next Phase Of The Collins Park Garage Collins Park Place Project. Key Intended Outcome Supported: Ensure value and timely delivery of quality capital projects; improve parking availability. Supporting Data(Surveys, Environmental Scan,etc.):The Cultural Campus is currently serviced by 55 parking spaces on two surface parking lots; these will be replaced with a parking structure of over 400 parking spaces. Item Summa /Recommendation: On January 16, 2013, Commission approved Resolution No. 2013-28121 adopting the Basis of Design Report (BODR)for the Project. Although the BODR was unanimously approved,there were concerns raised with respect to the proposed architectural exposed concrete finish, possibility of a rooftop passive park and estimated construction cost. A presentation addressing each of the aforementioned items was given to the Neighborhoods/Community Affairs Committee (NCAC) members on June 26, 2013. The Committee recommended approval to proceed to the next phase of the project, as per approved BODR dated January 16, 2013, with the following comments: -Careful consideration must be given to the detailing of eastern side of the property, so that noise and light disturbance to the adjacent property—assisted living facility- is minimized. -Begin the approval process for the closing of Liberty Avenue as soon as possible to avoid any potential delays. -Ensure that adequate lighting is provided especially at the public plaza and along Liberty Avenue. -Detailing of the fire sprinkler and service components must be done in a manner consistent with the design intent. -Provide an analysis of the projected revenues for the garage/retail s ace. Advisory Board Recommendation: Neighborhood/Community Affairs Committee: Proceed to the next phase of the project(Detailed Design) as per a roved BODR. Financial Information: Source of Amount. Account Funds: 2. 3 OBPI Total Financial Impact Summary: City Clerk's Office Legislative Tracking: David Martinez, P.E., ext. 6972 Sign-Offs: DepartmRt Pirector I Assistant Cit anager City IIA qfger, DM JW M JL T:\AGENDA\2013\July Collins Park Garage-Accept NCAC Recomme)qqatgoo4ummary.doc AGENDA ITEM C7 F MIAMIBEACH DATE ?-17—13 MIAMI BEACH City of Miami Beath, 1700 Convention Center Drive,Miami Beach, Florida 33139,www.miamibeachfl.gov CO MISSION MEMORANDUM TO: Mayor Matti Herrera Bower and Me bers of t e City Commission FROM: Jimmy L. Morales, City Manager DATE: July 17, 2013 SUBJECT: A RESOLUTION OF THE MAYO ND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEP G THE RECOMMENDATION OF THE NEIGHBORHOOD/COMMUNITY AFFAIRS COMMITTEE AND FURTHER AUTHORIZING THE ADMINISTRATION TO PROCEED TO THE NEXT PHASE OF THE COLLINS PARK GARAGE (COLLINS PARK PLACE) PROJECT. ADMINISTRATION RECOMMENDATION Adopt the Resolution. KEY INTENDED OUTCOME Ensure value and timely delivery of quality capital projects. Improve parking availability. ADMINISTRATION RECOMMENDATION Adopt the Resolution. BACKGROUND The proposed parking garage will be constructed on the two properties currently occupied by surface parking lots located on 23rd Street, behind the Miami Beach Regional Library and the Miami City Ballet building.The ground level of the proposed structure, between Park and Liberty Avenues, will provide approximately 17,500 SF of retail space, while the upper five (5) levels of the parking garage,which will bridge over Liberty Avenue,will accommodate approximately 470 parking spaces. The Project also contemplates a large public plaza at the ground level,just east of Liberty Avenue, which will merge into the Liberty Avenue right of way between 22nd and 23rd streets,turning it into a pedestrian street.The design takes a holistic approach to the site and considers the public plaza as one continuous landscape that unites the project site with the adjacent sites—Miami City Ballet and Miami Beach Regional Library-thereby creating an extension to Collins Park. Construction funding for this project has been previously appropriated as follows: Garage Structure / Retail Shell (Refer to Attachment A): $18,500,000 City Center RDA Capital Fund (Collins Park Garage Project) Public Plaza and Liberty Avenue Improvements (Refer to Attachment B): $2,300,000 City Center RDA Capital Fund (Collins Park Ancillary Improvements Project) Commission Memorandum—Collins Park Garage—Accept Recommendation of NCAC July 17,2013 Page 2 of 2 On January 16, 2013, Commission approved Resolution No. 2013-28119 granting a Certificate of Appropriateness for Demolition of the existing one-story building on the site; Resolution No. 2013- 28120 granting a waiver of development regulations regarding the maximum height permitted in the Museum Historic District and Collins Park Neighborhood; and Resolution No.2013-28121 adopting the Basis of Design Report (BODR)for the Project. Although the BODR was unanimously approved, there were concerns raised with respect to the following items: 1. Proposed exposed architectural concrete finish /color 2. Possibility of a rooftop passive park 3. Estimated construction cost A presentation addressing each of the aforementioned items was given to the Neighborhoods / Community Affairs Committee(NCAC)members on June 26, 2013.The Committee recommended approval to proceed to the next phase of the project (Detailed Design), as per approved BODR dated January 16, 2013, with the following comments: • Careful consideration must be given to the detailing of eastern side of the property, so that noise and light disturbance to the adjacent property—assisted living facility- is minimized. • Begin the approval process for the closing of Liberty Avenue as soon as possible to avoid any potential delays. • Ensure that adequate lighting is provided especially at the public plaza and along Liberty Avenue. • Detailing of the fire sprinkler and service components must be done in a manner consistent with the design intent. • Provide an analysis of the projected revenues for the garage/retail space. Based on an comparative lease analysis of ground floor retail spaces in other city-owned parking garages, it is anticipated that the proposed 17,000 SF space will safely command a triple net lease rate of$75/SF,generating approximately$1,110,000 in net revenues annually(refer to Attachment A for a pro-forma analysis provided by the Economic Development Department). Furthermore, based on a conservative estimate of revenues and expenses for the parking garage portion, it is estimated that for the initial five (5) years following the completion of the project, the garage will average $295,000 annually in net revenues (refer to Attachment B for a pro-forma analysis provided by the Parking Department). CONCLUSION The Administration recommends that the Mayor and City Commission adopt the attached resolution accepting the recommendation of the Neighborhoods/Community Affairs Committee and further authorizing the Administration to proceed to the next phase of the Collins Park Garage Project. Attachments: A. Collins Park Garage Capital Budget Sheet B. Collins Park Ancillary Improvements Capital Budget Sheet C. Retail Space Pro-Forma D. 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O Vm o c a r-y� 00_ O O O r N �.1 N a O N xt", ` + d �t L U C cn I.m9m ,� C � C C LL, C ,n w =i LL M :3 ATTACHMENT C CITY OF MIAMI BEACH Collins Park Garage RETAIL OPERATIONS-17,000 SF: (Rounded) FY 13/14 Revenues Proposed Retail Leasing(NNN) 1,275,000 TOTAL REVENUES $ 1,275,000 Operating Expenses Retail Leasing Property Management Fee $ 50,000 Retail Internal Service Expenses $ 40,000 Retail Operations Depreciation $ 55,000 Administrative Fees $ 20,000 TOTAL EXPENSES $ 165,000 NET $ 1,110,000 I i ATTACHMENT D O O O M f� (O V' V O O M N � N O 000 000 O ti (V O � � � O O M (D (D O N r to N O O (O I� 6 N w (O (D 00 w O M V O M (D 1` O M N O N M O w O 00 O O Cl f� f-_ �O N cb � T- M r O Q N O (D r- Q O M co r -O W W CO o N cD 6f! 69}6961).69 69 Q:).6%6%69.Vc.* 6R W- � � o p - p - -O M ti -- (V N .-.M 1�-r O_.O O I� - O O O M O 1` CO N M N w O O M 0 a0 00 O f� N ::t (rj O N O O M O O O co N O co co O O 0 O O M m d' w N ti � w r O 0 (D T M O c- co 00 � N � `- CO v Q M W (D (D� M O CO M a W ti m N O LO } N r C O 69 69 69 69 69 6A 64 69 69).69 69.69 6q W. 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